Common use of PLEDGE OF ASSETS Clause in Contracts

PLEDGE OF ASSETS. Borrower will not, and will not permit any Subsidiary to, mortgage, pledge, grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower’s or any Subsidiary’s assets now owned or hereafter acquired, except (a) any of the foregoing in favor of Bank or which is existing as of, and disclosed to Bank in writing prior to, the date hereof and (b) purchase money liens to the extent they secure purchase money debt permitted under Section 5.2 hereof.

PLEDGE OF ASSETS. Borrower will shall not, and will shall not permit any Subsidiary of its Subsidiaries to, mortgage, pledge, pledge or grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower’s 's or any such Subsidiary’s 's assets now owned or hereafter acquiredacquired (including, without limitation, all or any part of the shares of any direct or indirect Subsidiary of Borrower), except (a) any of the foregoing in favor of Bank or which is are existing as of, and disclosed to Bank in writing prior to, the date hereof and (b) purchase money liens to the extent they secure purchase money debt permitted under Section 5.2 hereof.

PLEDGE OF ASSETS. Borrower will not, and will not permit any Subsidiary subsidiary to, mortgage, pledge, grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower’s 's or any Subsidiary’s subsidiary's assets now owned or hereafter acquired, except (a) any of the foregoing in favor of Bank or which is existing as of, and disclosed to Bank in writing prior to, the date hereof and (b) purchase money liens to the extent they secure purchase money debt permitted under Section 5.2 hereof.